All Pensions articles – Page 72
-
ArticleEXCLUSIVE: 45% see the reduced annual and lifetime allowance limits impact 1-5% of staff
EXCLUSIVE: April 2016’s reductions to the annual and lifetime pensions allowances impacted between 1% and 5% of staff in just under half (45%) of employer respondents’ organisations, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, also found that ...
-
OpinionRob Yuille: The Pensions Dashboard gives digital makeover to retirement savings
The long-term savings industry has been arguably slow to embrace the digital revolution. As a long-term product with low levels of engagement, while progress has been made, the savings industry has not fully embraced the possibilities of digital technology.The Pensions Dashboard, the widely discussed current technological development in pensions, is ...
-
ArticleEXCLUSIVE: 68% offer at-retirement support to help staff make informed decisions
EXCLUSIVE: More than two-thirds (68%) of employer respondents that offer at-retirement support to staff do so because they want to support staff in making informed decisions, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, also found that a ...
-
Supplier article
The future of active management is now
Fees under pressure. Regulatory moves against closet indexers. Rapid advances in financial technology. Shifting sentiment among investors. Such mounting challenges have led to widespread speculation about active management's shrinking future. But a closer look inside intelligent portfolio construction today tells a story of expanding roles, added value, and innovative risk-adjusted, ...
-
Supplier article
What the huge rebound in sterling means for the UK's inflation outlook
The world’s strongest currency in November was not the US dollar, despite the greenback rallying 3.5% against the euro, 8.7% against the Japanese yen and over 8.6% versus the Mexican peso and the Turkish lira up to yesterday’s close.The strongest currency last month was sterling, which had strengthened 2.2% versus ...
-
ArticleGovernment freezes auto-enrolment trigger at £10,000 a year
The government has frozen the workplace pensions auto-enrolment trigger at £10,000 a year.The earnings trigger for employees to be automatically enrolled into a workplace pension arrangement will be frozen at £10,000 a year for the 2017-18 tax year, meaning that employees who earn this amount or more will automatically be ...
-
ArticleEXCLUSIVE: 35% believe Brexit will impact pensions
EXCLUSIVE: More than a third (35%) of employer respondents believe that Brexit will impact pensions, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, found that while 14% of respondents do not believe that the outcome of the June ...
-
ArticleTata Steel to consult on closure of defined benefit pension scheme to future accrual
Tata Steel UK is to consult on the closure of the British Steel pension scheme (BSPS) to future accrual.Under the proposals, the organisation's defined benefit (DB) pension scheme would be closed to future accrual and replaced with a defined contribution (DC) arrangement.The new DC pension scheme would have a maximum ...
-
ArticleFTSE 350 defined benefit pension deficit falls by £22bn
The accounting deficit of defined benefit (DB) pension schemes for the UK’s largest 350 organisations fell by £22 billion from £149 billion on 31 October 2016 to £127 billion on 30 November 2016.Its Pension risk survey, which is based on analysis and projections of FTSE 350 organisations’ financial statements adjusted ...
-
Supplier article
Implications of the Italian referendum
Capital Market Notes, December 2016David Lafferty, Chief Market Strategist at Natixis Global Asset Management, discusses the outcome of the Italian Referendum.Read the full article here
-
Supplier article
First-time home buyers, the Lifetime ISA and pension pots
The new Lifetime ISA (LISA) is due to be available from April 2017 for individuals under age 40. Contributions will be topped-up by the government by 25% with an annual savings limit of £4,000. It can be used for buying a first home (up to a value of £450,000) at ...
-
ArticleGovernment consults on measures to tackle pensions scams
The government has launched a consultation into potential measures to counteract pensions scams, including a ban on cold calling.Chancellor Philip Hammond announced the consultation on pensions scams in the Autumn Statement 2016.The consultation puts forward proposed measures to reduce the frequency of pensions scams in three key areas. This includes ...
-
ArticleWatch Employee Benefits Wired: Maximising pensions potential on demand
Employee Benefits Wired: Maximising pensions potential is now available to watch on demand.The 30-minute panel discussion can be viewed online anytime on EB TV.The live panel debate took place on Tuesday 29 November 2016 in association with Close Brothers Asset Management.The panel included Debbie Lovewell-Tuck, editor of Employee Benefits; Jeanette ...
-
VideoEmployee Benefits Wired: Maximising pensions potential on demand
Maximising pensions potential from Employee Benefits on Vimeo.Sponsored by: Employee Benefits Wired: Maximising pension potential saw a panel of industry experts debate key trends currently impacting workplace pensions including: auto-re-enrolment, the pension freedoms, at-retirement support, financial education, what employers should expect in 2017, and much more.Panellists:Jeanette Makings, head of financial ...
-
ArticleDefined benefit pension deficit stands at £414bn in the private sector
The deficit for UK private sector defined benefit (DB) pension schemes was £414 billion as of 30 November 2016, compared to £265 billion at the end of November 2015, according to research by JLT Employee Benefits.Its monthly funding update also estimates that DB pension assets increased from £1,242 billion in ...
-
ArticleEXCLUSIVE: 28% provide financial education for all staff
EXCLUSIVE: More than a quarter (28%) of employer respondents provide financial education for all staff, compared to 32% in 2015, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, found that a further 31% of respondents are considering introducing ...
-
ArticleEXCLUSIVE: 26% believe employers should meet retirement costs as life expectancies rise
EXCLUSIVE: More than a quarter (26%) of respondents believe that employers should provide for the cost of retirement in societies where life expectancies are increasing, according to research by Chase De Vere.Its survey of 500 UK residents aged between 35 and 64 also found that 30% of respondents think that ...
-
ArticleGovernment launches consultation on guaranteed minimum pensions equalisation
The government has launched a consultation on potential methods for equalising the impact of guaranteed minimum pensions (GMP) on men and women.The GMP is the minimum pension a UK occupational pension scheme that contracted employees out of the additional state pension between 6 April 1978 and 5 April 1997 has ...
-
ArticlePost Office staff to strike in pensions dispute
Post Office managers who are members of trade union Unite and employees who are members of the Communication Workers Union (CWU) will undertake 24-hour strike action on Saturday 3 December 2016 in a ongoing dispute over pensions.Around 720 Post Office managers will join CWU members in targeting 300 Crown Office ...
-
ArticleEXCLUSIVE: 46% offer at-retirement support to staff
EXCLUSIVE: Less than half (46%) of employer respondents offer at-retirement support to employees, compared to 45% in 2014, according to research by Employee Benefits and Close Brothers.The Employee Benefits/Close Brothers Pensions research 2016, which surveyed 250 employer respondents, also found that 49% of respondents run retirement seminars for staff in ...